CRISIL launched a 50 scrip index which tracks the top Indian companies on the basis of Corporate Governance, Ethics and Social responsibility. It’s called the ESG Index. (Environment, Social, Governance)
This is what I was looking for when I am looking around for stocks to invest. Infosys, ITC was already in my radar and I am glad to see that they rank right on the top of the 50 scrips. The top ten companies by weight in the index are:
- Infosys
- ITC
- Aditya Birla Nuvo
- Dr.Reddy Labs
- Wipro
- Jubilant Organosys
- Axis Bank
- GTL
- RIL
- HUL
See Crisil website for all the details
Mint reports that the first sustainability index that was launched in Brazil in 2005 has given returns of 26%, higher than the 18% offered by the benchmark index of Brazil.
So investors would be rewarded and you also have the satisfaction of investing in a company aware of its social responsibility and scores high on corporate governance.
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